Auto Bailout

The American auto industry wouldn't need a bailout if they didn't face such harsh environmental and so-called cafe standards imposed by the government. The evidence for this is that American auto-makers' sales thrive in foreign countries.

Perhaps the most beneficial thing Congress could do is relaxing the onerous regulations faced by GM, Ford and Chrysler. Instead, Democrats prefer saddling the taxpayers with another bailout.

I'm against it. I was against the first Wall Street bailout. The line of companies asking for a federal bailout grows longer every day. We can't continue doing this. The same applies to another stimulus package - taxpayers can't afford this.

Whatever happened to that great phrase frequently quoted by The Left that they now never speak: "Pay-go," as in pay-as-you-go. It's amazing how quickly The Left has abandoned that phrase.

Future bailouts of any industry, and talk of another stimulus package, are issues that Republican politicians should be against. They can pick this up and run with it if they want to, it's in their hands. My guess is that they will wuss-out and go along with the Dem Majority. For those of you who think I never criticize Republicans (and I do), there you go, I just did (again).

When you file for chapters 7 - 11 - 13 etc it protects you from creditors and allows your obligations to, 1) get paid to the degree that they can, and 2) Stop accruing more obligations. Hence letting the big three file for chapter 11 protection will get them out from under the biggest obligations that they have, namely the healthcare and pensions obligations that their UNIONS have forced down their throats.

Yes, Arc. Secured creditors will be paid first and the unsecured creditors will take an acid wash bath. Unions have come a long way from being fair and looked out for worker safety, overtime pay, etc (all very noble things) to today, where they are simply greedy.

That's what happens with a movement. Any movement eventually turns into a bowel movement. Women’s suffrage, civil rights, hell even the republican revolution. Power corrupts, and eventually what started as a movement against the establishment, becomes the establishment.